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Osborne Clarke advises DailyDeal on its sale to MenschDanke

02 Dec 2015

Osborne Clarke has advised DailyDeal GmbH and Fabian und Ferry Heilemann on its sale to MenschDanke GmbH. The company is active in Germany and Austria.

With more than one million visits per month Daily Deal GmbH has been the market leader alongside Groupon over the course of the past fiscal year, and generated an eight digit revenue. The company was founded in 2009 by Fabian and Ferry Heilemann and was sold to Google in 2011, being legally advised by Osborne Clarke. Fabian und Ferry Heilemann bought back the company in 2013 with legal assistance of Osborne Clarke.

MenschDanke GmbH acquires 100 percent of the shares of the associated company Sky & Sand GmbH (Fabian und Ferry Heilemann). The acquisition price is in the single-digit million euro range.

The Osborne Clarke team that advised on the sale was led by Partners Nicolas Gabrysch and Rudolf Hübner who were assisted by Rouven Siegemund (M&A corporate law) and Konstantin Ewald (IT law).

Matter Type
M&A: Seller's Counsel
Industry
Technology, Media & Telecoms
News Category
Technology, Media & Telecoms